NEWS CATCHER PRO EA MT4 – Full Input Settings Analysis

Valeriia Mishchenko’s News Catcher Pro EA is a premium algorithmic forex EA for intraday volatility catching when there are major forex market news releases. It uses a cautious approach to entering the market ahead of huge news releases but not aggressive money management techniques like martingale or grid systems. Priced at a level that is within reach to utilize with any number of currency pairs such as EURGBP, GBPUSD, and EURUSD, this EA is MetaTrader 4 (MT4) optimized for use.

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Strategy and Trading Logic 

• Strategy Summary:
  • This EA purchases and sells high-impact economic news using an advanced news filtering system to identify the most favorable market conditions.
• Supported Currency Pairs:
  • EURUSD
  • GBPUSD
  • EURGBP
• Trading Schedule:
  • Trades during weekdays
    Avoids risky hours, i.e., before and after significant news releases
• Risk Handling:
  • Trades receive a predefined 40-pip Stop Loss and Take Profit
  • Trailing Stop is turned on for maximum profit protection and gain
  • Grid and hedge trading are disabled for low risk
  • Lot multiplier selection to change variable size as preferred by the users

Risk Control and Money Management 

• Trades in fixed lot size of 0.01, thus suitable for small accounts
• Risk per trade capped at 5%, with a 10% maximum drawdown per day, meeting FTMO challenge requirements
• Limits trading to not more than two pairs of currencies at the same time to minimize risk and over-exposure
• Has an auto-protection feature, which closes all trades and halts activity in case drawdown limits are breached
• Has FTMO-compliant risk management built-in, including:
• Maximum drawdown monitoring
• Daily loss limits
• Automatic trading suspension when there is a rules violation

News Filters and Special Features

• News Filtering & Safety Features:
  • Automatically disables trading 90 minutes before and 10 minutes after major news events to avoid high-volatility conditions
  • Uses an Advanced News Filter, which updates every 3 hours to stay in sync with recent economic news
  • Option to enable a Stock Market Crash Filter using the S&P 500 index, which adds an extra layer of protection against extreme market drops
• Broker Compatibility & Trade Management:
  • Supports manual GMT and Daylight Saving Time (DST) adjustments for use with international brokers
  • Stop Loss and Take Profit levels can be hidden from brokers to prevent manipulation
  • Allows the use of custom trade comments and individual IDs for easy tracking and account management

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